NIO Announces Substantial Completion of Cash Injections into NIO China in June - Seite 2

Pursuant to the definitive agreements, as amended and supplemented, the investors agreed to pay the RMB7 billion of cash investment in five installments, with (i) RMB3.5 billion to be paid in the first installment within five business days of the satisfaction of closing conditions set forth under the definitive agreements, subject to certain exceptions, (ii) RMB1.5 billion to be paid in the second installment on or prior to June 30, 2020, (iii) RMB1 billion to be paid in the third installment on or prior to September 30, 2020, (iv) RMB500 million to be paid in the fourth installment on or prior to December 31, 2020, and (v) RMB500 million to be paid in the fifth installment on or prior to March 31, 2021. As of the date of this announcement, NIO Anhui has received RMB3.3 billion of the first installment, and the entire RMB1.5 billion of the second installment. The remaining RMB200 million of the first installment would be paid prior to September 30, 2020 by the applicable investor according to the agreed payment schedule.

NIO has also injected its cash investment of RMB1.278 billion for the first installment and RMB1.278 billion for the second installment and is fulfilling its other obligations, including injecting the Asset Consideration into NIO Anhui, in accordance with the definitive agreements.

“The strategic investments in NIO China will provide sufficient funds to support NIO’s continuous efforts to lead the technology and product development of the premium smart electric vehicles, and to offer the best user experience and services,” said William Bin Li, founder, chairman and chief executive officer of NIO. “In the near term, we will focus on improving our production capacity and expanding our network coverage to further accelerate our growth. In the long term, we remain committed to building the best user enterprise for NIO to share a joyful life and to grow together with our users.”

About NIO Inc.

NIO Inc. is a pioneer in China’s premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. NIO officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 and plans to commence deliveries in 2020.